Posted by RogerTan901111 > 2019-12-05 10:37 | Report Abuse

that's what I heard too.. financials is good, this counter got good prospect. but Management very china man, treat suppliers and employees badly. bad treatment resulting in bad services, delay in project etc etc. Until they sort out that part and manage their cash flow properly, I'm out.. wait till further consolidation only jump back in.

Posted by Insider8888 > 2019-12-05 10:37 | Report Abuse

manipulation of financial statements to create a facade of a company's financial health
Possibilities of misleading to investors and shareholders.

Posted by RogerTan901111 > 2019-12-05 10:38 | Report Abuse

But I don't think they got blacklisted by tnb. afterall, just received further contract. Although not a huge amount.

Posted by RogerTan901111 > 2019-12-05 10:44 | Report Abuse

Well construction contracts and project accounting is easy to manipulate. but manipulation is mainly on % of completion and timing of recognising. So if you look back at few quarters, there's no one quarter which recognises a sudden loss due to xx reason, mostly should be ok, unless the project from build to finish takes decades, which is highly unlikely.

Posted by Insider8888 > 2019-12-05 12:31 | Report Abuse

Smart meter project awarded by is at a loss for your info

Posted by Insider8888 > 2019-12-06 11:27 | Report Abuse

If pestech fail to get Cambodia job in 2020, basically they can file for bankruptcy. Their cash flow now is so terrible

Posted by BursaMsia101 > 2019-12-06 23:57 | Report Abuse

Yes indeed I was also told about the bad cash flow and the problem pestech is facing to get new projects. Its just a matter of time that it will flop down the drain

Posted by BursaMsia101 > 2019-12-06 23:59 | Report Abuse

There are speculations of pestech subsidiary Engaging and appointing management which couldn't perform. The newly appointed Siemens ceo from one of the subsidiary could be one of the biggest blunder made by Mr. Lim

Posted by Lara986 > 2019-12-09 11:56 | Report Abuse

Basically pestech is expanding at a rate at which she couldn't cope with leading to its business failure.

Posted by Lizzykoh > 2019-12-09 13:28 | Report Abuse

There is a phrase in Chinese "气数已尽”

Posted by Lakesidelakers > 2019-12-11 08:55 | Report Abuse

Their staff first time in pestech history no bonus no increment. Company performance is terrible

Posted by Irwan80 > 2019-12-11 12:09 | Report Abuse

Cheat investor money to revive the company. Aduhai

Posted by Tricolourbritishshor > 2019-12-11 19:30 | Report Abuse

waaa. company got 1.5B contract on hand and should be able to make them busy for 2 years . if this turns out to be true then will be difficult . . had to sold all of my stocks as found other stocks with better potentials

Posted by Tricolourbritishshor > 2019-12-12 09:29 | Report Abuse

trade receivables trade payables REVENUE
17Q4 100971 181112 114582
18Q1 85538 230000 184878
18Q2 103979 330000 277960
18Q3 128251 413106 260915
18Q4 122391 423773 119304
19Q1 156254 365493 124085
19Q2 126494 417103 178635
19Q3 165348 465025 222061
19Q4 211585 493732 285257

this is the trade receivables and payable trend for pestech . any input ?

Posted by Radeon > 2019-12-12 15:21 | Report Abuse

https://www.theedgemarkets.com/article/pestech-gets-rm9373m-substation-job-philippines

Posted by Tricolourbritishshor > 2019-12-12 21:07 | Report Abuse

past 9 seasons the operating cash flow has decreased from 73M to -189M . scary

Posted by Irwan80 > 2019-12-13 10:33 | Report Abuse

Pestech internally declared no money and reluctant to reimburse outstanding debts supplier, cutting down staff benefit. Externally financial report is solid and projects comes in one after another. So what's happening?

Posted by Bibiluly > 2019-12-13 14:26 | Report Abuse

Pestech management has very bad integrity issues. The way they treat their client and treating their staff as a peasant. I don't see how this kind of company can attain further success in near further.

Posted by Sescoinvest > 2019-12-15 00:01 | Report Abuse

Pestech have one of the worst project management and production team. In recent 2 years they always can't seems to deliver. In Malaysia everyone knows about it. That is one of the reason in recent years pestech can hardly get projects in Malaysia. They need to venture into overseas to clear their names.

Posted by Sescoinvest > 2019-12-15 00:02 | Report Abuse

Sooner or later these 3rd world country will find out about pestech bad history. Its like scamming

Posted by Billyjeans > 2019-12-15 00:12 | Report Abuse

Last time pestech used to be industrial leaders among tnb contractors. Now they are basically a joke, no longer a threat to other contractors competitors. Time flies!

Posted by HisyamB > 2019-12-15 14:32 | Report Abuse

Kompany ini adalah sinking ship.

Posted by HisyamB > 2019-12-15 14:52 | Report Abuse

Kelakar betul pestech. Selalu nak dpt project tapi tak larat nak buat! Face-palm! Buat hal pandai

Posted by Hiyamuddin > 2019-12-15 15:26 | Report Abuse

I am a current employee from pestech in the testing department. Hence, I am the most qualified person to comment here. Yes I do agree our performance in recent years is disastrous, employee turnover rate everymonth is extremely high due to cash flow issues. This is due to the newly hired managers or big bosses that could not deliver and caused a mess in all the projects. Now what we need is a chance to prove our value and get things back in shape with new awarded projects. Don't give up!

Posted by shpg22 > 2019-12-16 09:58 | Report Abuse

Unless you are CEO/MD, chief accountant in the company, you are not qualified coz you know nuts about the company financial.

Posted by HisyamB > 2019-12-16 10:19 | Report Abuse

Kompony ini memang sudah runtuh... Tak payah gaduh gaduh..

Posted by Tricolourbritishshor > 2019-12-16 19:04 | Report Abuse

no one actually questioned the management team during AGM ? I wish I could attend the AGM but unable to do so dud to logistic issue. living in East msia

Posted by Prakash79 > 2019-12-18 23:09 | Report Abuse

I had encountered many poor project execution by pestech. Was wondering could this by one of the reason for the downfall of pestech?

Posted by RogerTan901111 > 2019-12-19 09:06 | Report Abuse

why sudden surge?

Posted by Prakash79 > 2019-12-19 11:01 | Report Abuse

Owner main main

Posted by flexibt > 2019-12-19 11:05 | Report Abuse

This counter naughty one..

Posted by Prakash79 > 2019-12-19 11:11 | Report Abuse

Yeala.. End up will fall drastically.. Just some dirty games by the owner

Posted by Davidl > 2019-12-19 13:29 | Report Abuse

Investor seems no confidence with their management, negative comments all de while.

Posted by BabuKumar82 > 2019-12-19 14:19 | Report Abuse

Reputation had deteriorated due to poor results from ongoing projects

Posted by Sharmila Rao > 2019-12-21 09:32 | Report Abuse

Pestech International Bhd has clinched a US$17.03 million (RM70.5 million) engineering, procurement and construction contract from PNG Power Ltd (PPL) for the latter’s Port Moresby Power Grid Development Project in Papua New Guinea. This is the third contract awarded by PPL to Pestech, with the first two being in 2008 and 2016

Posted by BabuKumar82 > 2019-12-21 11:12 | Report Abuse

Get how many overseas job also no use.. Sooner or later even third world country knows about pestech poor project execution history

Posted by Jokers2020 > 2019-12-27 17:28 | Report Abuse

if poor execution,i believe they will be liable to be sued or pay compensation.Do u think they want to risk their reputation n cost

Posted by Albukhary > 2019-12-28 18:59 | Report Abuse

Why everyone here talk bad about PESTECH, from share price and financial performance perspective, this should be a good company... Is it really so bad the management?

Posted by Bergiebear > 2019-12-29 11:10 | Report Abuse

I was told that pestech management abuse their employees and involves in many unethical acts. Anyone here can verify?

Posted by Sokmun85 > 2019-12-29 11:39 | Report Abuse

One of its subsidiary pestech energy sdn bhd has a very bad reputation. They never accept customer feedback and ignoring customer reviews. Delaying services and their boss even screw the customer.

Posted by Kellykk2 > 2019-12-29 13:31 | Report Abuse

My company is supplying switches for control and protection panels to pestech. It's has been more than 11 months since they first issued a PO to us, untill today there is no payment made by pestech. Many other suppliers were affected badly as well. Pestech put most suppliers in a very difficult situation

Posted by Jokers2020 > 2019-12-29 14:40 | Report Abuse

wahh so many bad comment..is it to make the share drop limit down so can collect low..

Posted by BabuKumar82 > 2019-12-31 08:09 | Report Abuse

Alot of things can be validate easily

Posted by Cindylimchuchu > 2019-12-31 16:01 | Report Abuse

Went through most of the comments and check with pestech insider. It appears that most comments are justified.

Posted by Bahrinabdul > 2019-12-31 18:05 | Report Abuse

Pestech perlu belajar untuk beri komitment sepenuh ketika melaksanakan project. Teruk gila

Posted by Iskandarzul > 2019-12-31 18:20 | Report Abuse

Is not that pestech is doing that badly. Its just that pestech is in an industry that is gradually slowing down particularly in 2020. Next year would be a big big challenge for pestech.

Posted by Iskandarzul > 2019-12-31 23:51 | Report Abuse

Happy new year guys

Posted by Nicky79 > 2020-01-01 20:48 | Report Abuse

Logically speaking, If pestech is REALLY outperforming and doing so good as what it claimed. How come pestech is not giving dividends?

Posted by Nicky79 > 2020-01-01 20:52 | Report Abuse

How come in the market most of the vendors and suppliers are complaining that they couldn't get payment from pestech? Any idea? Anyone?

Posted by JensenChin > 2020-01-01 21:26 | Report Abuse

Nicky79, Bahrinabdul, Cindylimchuchu, Kellykk2, Sokmun85, Babukumar82 and all other fake accounts done by one person, please note that the following reports have been filed against you and your IP address:

- Police report (Spreading of fake news)
- MCMC complaint (Spreading of fake news)
- Pestech IR (Spreading of fake news)

Will follow up on actions to be taken against you.

Your actions to spread fake news here must be faced with harsh punishments.